On Thursday, all outstanding certificates will be exchanged for an equal amount of debentures issued by the company, DaimlerChrysler (nyse: DCX - news - people ) Co. said. There currently is $225 million principal amount of the outstanding certificates.

The tender offer will expire on July 13 unless extended, the company said. The tender offer and consent solicitation are being made in connection with a contribution agreement signed May 14 between DaimlerChrysler AG, DaimlerChrysler North America Finance Corp., DaimlerChrysler Holding Corp. and an affiliate of Cerberus Capital Management LP.

J.P. Morgan Securities Inc. is the dealer manager for the tender offer and consent solicitation.